Purchase includes a patent portfolio and patent-pending applications

Sony Corp. is buying patents and other intellectual property related to cloud-gaming pioneer OnLive, which said Thursday that the service is shutting down after five years.

In a statement posted on its website, OnLive’s parent, OL2 Inc., said customers can use the service through the end of April. The company said it isn’t issuing refunds and will have limited customer service through the end of the month.